Why a rate cut? Fed’s favorite price gauge likely to show tamer ‘core’ inflation.
Armed with consumer and wholesale inflation reports, Wall Street economists predict the Federal Reserve’s favorite price gauge will show just a mild increase in November and justify an interest-rate cut. The PCE price index, which is due at the end of ...
Big headache for Donald Trump! Inflation is back, sees sharpest rise since February 2023, US Fed rate cut coming? Details here
US inflation date for November is out as US President-elect Donald Trump will take charge as Presidency on January 20 next year.
November inflation increase won't derail Fed interest rate cuts
Inflation in November rose modestly, with housing costs continuing to be a major factor in price increases. However, the Fed is expected to proceed with an interest rate cut next week.
Latest Rise In Consumer Inflation Is Not Going To Stop Fed Rate Cuts
Consumer inflation accelerated in November to 2.7% from 2.6% and core CPI was sticky at 3.3%. But a December Fed rate cut still looks like a sure thing.
Inflation increased in November, complicating Fed's next rate decision
The inflation gauge makes up the last piece of significant economic data before the Fed announces its next interest rate decision on Dec. 18. A finding of accelerated price hikes may give the Fed pause as it weighs interest rate cuts.
Most Gulf shares rise on Fed rate-cut bets; Saudi extends loss
Most stock markets in the Gulf ended higher on Thursday, in step with a global equity rally after U.S. consumer inflation data cemented bets of a Federal Reserve interest-rate cut next week.
Interest Rate Forecast: How Much More Will the Fed Cut?
According to CME FedWatch, a popular interest-rate probability tracker, there’s an 88% chance of a 25-point rate cut. A similar tool from the Federal Reserve Bank of Atlanta predicts a rate cut of that size is 80% likely. The tools predict a 14% and 18% likelihood, respectively, that rates will remain unchanged.
Inflation Remains a Stubborn Problem as Prices Continue to Rise
Prices of consumer goods rose by 0.3% in November, further evidence that inflation is proving a stubborn foe, the Labor Department reported on Wednesday. The monthly increase in the consumer price index – a reading of what a basket of common goods and services costs – follows a 0.
Inflation ticked up again in November. Will the Fed cut rates next week?
Inflation is moving in the wrong direction. U.S. inflation picked up for a second straight month in November on a rise in food and gasoline prices, underscoring that the final stretch of the Federal Reserve's two-year battle against sharply rising prices has become more challenging.
Producer Inflation Comes In Hot. The Fed Will Still Cut Rates.
Producer inflation remained too high in November, but there were signs of progress below the surface. An interest-rate cut by the Federal Reserve at its Dec. 17-18 meeting remains all but assured. The producer price index jumped by 0.
Mortgage Predictions: New Inflation Data Cements a Fed Cut Next Week
Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in English literature. Two data points are key for the Fed to cut interest rates by 0.25% next week at its final policy meeting of the year: slowing inflation and a weakening labor market.
ECB Cuts Rates Again to Boost Flagging Growth. What to Know.
The third cut in as many meetings comes as President-elect Donald Trump’s threatened tariffs loom large for the eurozone ...
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Fed expected to cut interest rates despite rising inflation. Here's why
High interest rates, after all, are the main tool the Fed has used to ratchet inflation down from its pandemic-era ...
Wall Street hopes rate cuts will force clients out of cash in 2025
Wall Street executives at the Reuters Next conference in New York expect a $7-trillion cash pile that proved invulnerable to ...
Fed Rate Cut Likely After In-line CPI Data; BTC, XRP Surge
Bitcoin climbed back above $100,000 and XRP surged following in-line U.S. inflation data. CoinDesk's Christine Lee presents ...
With Fed rate cut looming, bitcoin holds above six-figure mark
The Federal Reserve is widely expected to cut interest rates next week, helping bitcoin prices stay above $100,000. Lowered ...
Rupee to hover near record low as dollar shrugs heightened Fed rate cut odds
The Indian rupee is likely to open marginally lower and hover close to its all-time low on Thursday, after U.S. inflation ...
Stock market today: Dow, S&P 500, Nasdaq futures edge lower with rate cuts front of mind
Investors get the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December ...